Tom, Whose MAGI Is $40,000, Paid $3,500 of Interest on a Qualified

question 92

True/False

Tom, whose MAGI is $40,000, paid $3,500 of interest on a qualified student loan in 2018. Tom is single. He may deduct the $3,500 interest as an itemized deduction.

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Definitions:

Neonatal Jaundice

A common condition in newborns characterized by yellowing of the skin and eyes due to a high level of bilirubin, a pigment in the blood.

Informed Consent

The patient’s right to receive all information relative to his or her condition and then make a decision regarding treatment based upon that knowledge.

Binge Eating

Engaging in the excessive consumption of food in a short period of time, often accompanied by feelings of loss of control.

Sudden Infant Death Syndrome

An unexplained event, mostly occurring during sleep, that results in the sudden death of an infant under the age of one year.